Dec Wheat - 1.25 Higher
Dec Corn - 0.25 Lower
Dec Soymeal - Steady
Nov Beans - 1.00 Lower
October Crude Oil crashed through all support levels and at the time of this writing was down 3.25 at 70.30.
support - 69.20
67.60
resistance - 71.00
71.50, 73.00
November Soybeans marked their high 1.50 cents below the top resistance level of 1026.00, after rallying about 25 cents low to high.
support - 1008.00
999.00
resistance - 1026.00
1043.00
December Soymeal marked it's high 3 bucks above the 321.00 resistance price, after rallying about 9.50 bucks low to high.
support - 319.00
316.50
resistance - 324.00
335.00
December Corn marked it's close on the 409.00 resistance level, after rallying 8.00 cents on the day.
support - 408.00
401.50
resistance - 413.00
422.00
December SRW Wheat closed 15.00 cents higher on the day, while also closing 11.00 cents above the breakout level of 555.50.
support - 563.00
555.50
resistance - 581.00
592.00
December HRW Wheat marked it's high 1.25 cents below the 580 resistance price, after rallying about 22 cents low to high.
support - 572.50
567.50
resistance - 590.00
600.50
December Spring Wheat marked it's high 1.25 cents below the 610.00 resistance level, after rallying about 16 cents low to high. All the new shorts from the last 2 weeks have either been stopped out or are taking on a lot of water. A rally above 612 should accelerate due to the energy built up during the sideways channel and successive selloff.
support - 602.25
599.00
resistance - 617.50
630.00
Sep S&P crashed through support levels and at the time of this writing was down -122 points at 5539 on the day.
support - 5529
5470
resistance - 5580
5596
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